Effects Of Raising The Minimum Wage

Bob Garner, co-founder of Glory Days Grill, joins us to discuss the effect of raising the minimum wage. Download This File

A big topic at the 2014 session is raising the minimum wage, possibly to ten dollars an hour.

Co-founder of Glory Days Grill says that this increase will cost his restaurants a lot of money every year. By surveying the payroll of one of his stores and how it would be effected by the increase, he found that employees currently under ten dollars would cost him between about $20,000 and people on tipped wages would cost him another $82,000.

The tipped wage is tied to the minimum wage increase and it would end up being a huge cost. Garner says tipped employees, bartenders and servers, already make between thirteen and fifteen dollars an hour when factoring in tips.